A new perspective on Renn and Klinke's approach to risk evaluation and management Academic Article uri icon


  • In this paper we discuss Renn and Klinke's approach for risk evaluation and selection of risk management strategies. The main focus in the discussion is the foundational basis and the understanding of what risk is, and how a different foundational basis may simplify and improve the characterization of risk. We will present and discuss an alternative set of characteristics, and give some recommendations with respect to selection of risk management strategies based on different values or magnitudes of these characteristics. We believe that the main focus when describing and managing risk should be the potential consequences, represented by observable quantities, and the uncertainty related to their future values. 2005 Elsevier Ltd. All rights reserved.

published proceedings

  • Reliability Engineering & System Safety

author list (cited authors)

  • Kristensen, V., Aven, T., & Ford, D.

citation count

  • 36

complete list of authors

  • Kristensen, V||Aven, T||Ford, D

publication date

  • January 2006